Before the bell: European futures soft; Inwit, aluminium stocks watched

About this update from Infrastrutture Wireless Italiane S.p.a.

BEFORE THE BELL: EUROPEAN FUTURES SOFT; INWIT, ALUMINIUM STOCKS WATCHEDEuropean shares were set for a weaker start on Monday as Middle East tensions escalated over the weekend, lifting oil prices ahead of euro zone March CPI data due on Tuesday, which will offer clues on how the conflict is feeding into inflation in the bloc.EuroSTOXX50 and DAX futures eased by around 0.2%, though off Asian lows, while FTSE contracts and U.S. futures eked out a small gain. The pan-European STOXX 600 TVC:SXXP is down 9.2% this month, on track for its biggest monthly decline since 2020.German inflation data are due later on Monday.On the stocks watchlist for Monday:INWIT MIL:INW: Shares tumbled 6% on Tradegate after Telecom Italia MIL:TIT ended a long-term lease contract with the company, piling further pressure on Italy’s largest tower operator.NORSK HYDRO OSL:NHY: Aluminium stocks could attract bids after Iranian attacks over the weekend damaged the Middle East’s two largest producers, sending aluminium prices sharply higher.CECONOMY XETR:CEC: Regulatory clearance for its planned deal with Chinese e-commerce group JD.com HKEX:89618 remains uncertain in Austria, the company said, raising questions over whether the transaction can be completed in the first half of the year.(Danilo Masoni)*****EARLIER ON LIVE MARKETS:IT'S A SAD STRAIT OF AFFAIRS AS OIL SOARS CLICK HERE

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